Halleluya Solidarity Group

Stephen is a 27-year-old man who describes himself as faithful and a good team leader. He is single and a visionary young man. For the past 8 years, Stephen has operated a trading business where he sells provisions, groceries like rice, cooking oil, canned drinks, washing soaps, etc. He dreams of becoming a wholesaler in groceries. He plans to use the loan to buy bags of rice and cooking oil to increase his inventory with the hope of growing his business to support his young brothers in school.

Currently, Stephen is the leader of the group named 'Halleluyah Solidarity Group'. There are 8 members in this group. The other members of the group are also traders, selling items such as foodstuffs, groceries, cooked foods and doing other petty trading. They anticipate receiving the loan to enable them to buy various stock to grow their business and be able to better support their families.

Additional Information

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.